EUR/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURMXN
ISIN:

EUR/MXN - Daily - Technical analysis published on 05/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

44%

33%

22%

My opinion

Bearish under 20.0308 MXN

My targets

19.3781 MXN (-0.4473)

19.1796 MXN (-0.6458)

My analysis

There is a bearish trend on EUR/MXN both at the basic level and in the short term. A sale could be considered, so long as the price remains below 20.0308 MXN. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 19.3781 MXN. Then the price could move towards 19.1796 MXN. Then 18.9604 MXN by extension. Be careful, a return to above the resistance 20.0308 MXN would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/MXN rating 19.8254 MXN. The price registered an increase of +0.00% on the session with the lowest point at 19.8181 MXN and the highest point at 19.8350 MXN. The deviation from the price is +0.04% for the low point and -0.05% for the high point.

19.8181

19.8350

19.8254

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/MXN chart shows a bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.9604	19.1796	19.3781	19.8254	20.0308	20.3191	20.5719
Change (%)	-4.36%	-3.26%	-2.26%	-	+1.04%	+2.49%	+3.77%
Change	-0.8650	-0.6458	-0.4473	-	+0.2054	+0.4937	+0.7465
Level	Intermediate	Major	Minor	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.7620	19.7918	19.8087	19.8385	19.8554	19.8852	19.9021
Camarilla	19.8127	19.8169	19.8212	19.8255	19.8298	19.8341	19.8383
Woodie	19.7555	19.7886	19.8022	19.8353	19.8489	19.8820	19.8956
Fibonacci	19.7918	19.8097	19.8207	19.8385	19.8564	19.8674	19.8852

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.2650	19.5098	19.6700	19.9148	20.0750	20.3198	20.4800
Camarilla	19.7188	19.7560	19.7931	19.8302	19.8673	19.9045	19.9416
Woodie	19.2227	19.4887	19.6277	19.8937	20.0327	20.2987	20.4377
Fibonacci	19.5098	19.6645	19.7601	19.9148	20.0695	20.1651	20.3198

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.7492	19.0981	19.4618	19.8107	20.1744	20.5233	20.8870
Camarilla	19.6295	19.6949	19.7602	19.8255	19.8908	19.9561	20.0215
Woodie	18.7566	19.1018	19.4692	19.8144	20.1818	20.5270	20.8944
Fibonacci	19.0981	19.3703	19.5385	19.8107	20.0829	20.2511	20.5233

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.62
MACD (12,26,9):	0.0102
Directional Movement:	5.5501
AROON (14):	50.0000
DEMA (21):	19.8471
Parabolic SAR (0,02-0,02-0,2):	19.6950
Elder Ray (13):	-0.0141
Super Trend (3,10):	19.3884
Zig ZAG (10):	19.8223
VORTEX (21):	1.0974
Stochastique (14,3,5):	31.41
TEMA (21):	19.8652
Williams %R (14):	-69.50
Chande Momentum Oscillator (20):	0.0336
Repulse (5,40,3):	-0.4389
ROCnROLL:	2
TRIX (15,9):	0.0078
Courbe Coppock:	0.35

MA7:	19.8768
MA20:	19.8368
MA50:	19.7395
MA100:	20.0842
MAexp7:	19.8475
MAexp20:	19.8350
MAexp50:	19.8596
MAexp100:	19.9682
Price / MA7:	-0.26%
Price / MA20:	-0.06%
Price / MA50:	+0.44%
Price / MA100:	-1.29%
Price / MAexp7:	-0.11%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.72%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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